Question:

Q1. How many total Metamask wallet holders are there? What’s the average value of ETH held in wallets? What percentage of wallets are engaging in a higher order activity, like staking?

Approach

MetaMask is a free web and mobile crypto wallet that allows users to store and swap cryptocurrencies, interact with the Ethereum blockchain ecosystem, and host a growing array of decentralized applications (dApps). It is one of the most widely used crypto applications in the world.

In this essay the users of Metamask has been identified and their holding ETH and activity shown.

• Identification of Metamask users

     from ethereum.core.fact_event_logs
     where ORIGIN_TO_ADDRESS='0x881d40237659c251811cec9c364ef91dc08d300c'
     and EVENT_NAME='Swap'
  

• ETH balance of Metamask users

     Track the inflow and outflow of ETH to Metamask users
     from ethereum.core.ez_eth_transfers
  

• Distribution of ETH between users

     hold_ETH<0.2 then 'Under 0.2 ETH'
     hold_ETH between 0.2 and 0.5 then 'between 0.2 to 0.5 ETH'
     hold_ETH between 0.5 and 1 then 'between 0.5 to 1 ETH'
     hold_ETH>=1 then 'Over 1 ETH'
  

• Staking behavior of Metamask users

     from ethereum.core.fact_event_logs
     where EVENT_NAME='Stake'
  

Results

According to the definition of the Approach section, total users of Metamask is 1.192 million unique users.

The ETH balance of Metamask users has been shown based on the distribution of ETH between wallets.

The average amount of ETH held by Metamask users is 0.877 ETH.

According to this pie graph, near 82% of Metamask users hold under 0.2 ETH in their wallets. Additionally, the second biggest group belongs to the holders between 0.2 and 0.5 ETH and 7.68% users of Metamask are in this group.

The other activity of Metamask users like staking shown in this pie graph. Based on this graph, the 2.69% of Metamask users contributed on the staking platforms.